Technology South America Exclusives

Rio Oil & Gas, Brazil, Campos Basin, natural gas, energy transition, Petrobras, Luiz de Abreu Neto, presidential election, International Gas Union, Luis Bertrán, Glenda Rangel, Brazil’s Ministry of Mines and Energy (MME) Secretary of Petroleum, Natural Ga

The future of the Campos Basin, growing importance of natural gas in the energy transition and concerns about Brazil’s upcoming presidential elections were hot topics during a recent oil and gas conference.

Brazil’s Presalt Oil Auction Achieved 100% Of Blocks Acquired

Brazil’s 5th presalt production sharing round, held 10 days before the country’s upcoming presidential elections which outcome is unpredictable, attracted several oil majors.

Peregrino, Brazil, offshore, Equinor, presalt, Tim Dodson

Hart Energy spoke to Tim Dodson, executive vice president of exploration for Equinor, during the recent ONS2018 conference about the growing importance of Brazil to the company’s exploration portfolio.

Siemens, digital, technology, Elgonda La Grange, Topsides 4.0, digital twin, offshore, Brazil, Siemens Forum 201

The technology’s digital twin is built in parallel to the physical topsides asset during the design and build phases of a project, an executive said.

Siemens, Brazil, Claudio Makarovsky

Digitalization was among the topics discussed at the forum, which also focused on issues such as collaboration and ways to boost energy transition talks without leaving the oil and gas industry behind.

Contracts South America

Petrobras has awarded Aker Solutions a contract, on Sept. 18, to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil.

Petrobras said Vantage Drilling's arbitration proceedings against the company relates to a contract that was canceled as part of "Car Wash."

The contract value—which is not revealed—includes mobilization and demobilization.

This contract for subsea services covers components for both the subsea equipment and flexible pipelines.

Under the TechnipFMC/DOF JV agreement, TechnipFMC will manage flexible pipelay, and DOF will be responsible for marine operations.

Digital South America

digital technology, oil and gas, subsea, Petrobras, Aker, Brazil

Executives from oil and gas, supply and technology companies met in Rio de Janeiro to discuss the latest oil and gas technology trends.

Equipment South America

According to the Brazilian major, the company’s PLSV fleet might have 16 vessels by year-end, two less than what were under contract in 2017.

With the necessity of the development of ultradeepwater projects located in the presalt layer, many FPSO unit building companies eye Brazil as a good opportunity to ensure new contracts.

Libra, a giant oil field located in Brazil’s presalt area, will boost many business opportunities over the next years.

Four years after Total and its partners paid 622 million reais (US$196 million) for five exploration blocks, they are still waiting for the go-ahead from Brazil's environmental regulator, Ibama.

Saipem’s flagship vessels FDS2 and the Normand Maximus will carry out the work, which will begin in 2019.

Operations South America

Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Sept. 24.

Ecopetrol said production at wells had not been affected, though 19 drilling rigs had been halted.

In August, Conoco suspended legal attachments efforts that had cut Venezuela’s oil exports from several Caribbean facilities following a deal that allowed the country 90 days to make an initial $500 million payment.

The company plans to raise its Brazilian output to between 300,000 and 500,000 barrels of oil equivalent per day (boe/d) by 2030, from 90,000 boe/d today by developing new fields, including the giant Carcara discovery.

Frontera Energy Corporation on Aug. 17 announced positive drilling results from the Acorazado-1 well located on the 100% owned and operated Llanos 25 block onshore Colombia. As a result, the well is being cased in preparation for testing.

People South America

Brazil oil and gas workers, oil jobs, offshore oil and gas, E&P

The E&P sector is among the areas expected to see a hiring boost with 44 offshore production systems scheduled to start operating in Brazil by 2030, a study shows.

Grisolia, who served since August 2017 as CFO of Petrobras Distribuidora, Petrobras’ fuel distribution unit, was named to serve until March 2019.

U.S. sanctions on Venezuela are an attack against the stability of the global oil market, Venezuelan Oil Minister Manuel Quevedo said on June 21.

Parente’s departure wiped $11 billion off the market value of the company and marked the highest profile casualty so far of a trucker’s strike that virtually paralyzed Brazil for nearly two weeks.

A key plank of CEO Pedro Parente's turnaround campaign for Petrobras and a condition for his taking the job in 2016 was freedom to control fuel prices.

Regulations South America

A Brazilian auction of rights to develop additional oil-producing areas in the country’s so-called transfer-of-rights region is unlikely this year, Brazil’s Deputy Mining and Energy Minister Marcio Felix said on Aug. 21.

The move is expected to unlock $16 billion in investment for Latin America’s top oil producer

Conoco will suspend legal enforcement of the arbitration award as long as the payments continue, spokesman Daren Beaudo said. He declined to say if the payments would be made in cash or crude oil, adding details of the agreement are confidential.

State-run Brazilian oil company Petrobras is working to sell $21 billion in assets over a two-year period to reduce its debt.

Brazil's state-controlled oil company Petrobras has been fined $622 million by an international tribunal for breaching a 2009 contract with a unit of Vantage Drilling.